Evergrande Is Officially In Default – The First Bubble Has Burst

Evergrande’s default is now finally confirmed by paying agent Citibank! Here is the proof!

Evergrande bondholder: ā€œI will never see my money againā€

Color your money gone, offshore “investors” in China’s fraud-riddled property bubble. Should’ve stacked the shiny instead.

www.asiamarkets.com/evergrande-bondholder-i-will-never-see-my-money-again/

We are primarily funded by readers. Please subscribe and donate to support us!

As China Evergrande reportedly begins negotiating creative ways to repay billions owed to offshore bondholders, a paying agent of one of the embattled property giantā€™s USD-denominated bonds has sent a letter to investors officially confirming default.

Dr Marco Meltzer, a respected German financial analysts and outspoken critic of the handling of Evergrandeā€™s debt crisis, says he received a letter from Citi earlier this week all but confirming the company is broke.

AC

Views:

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.